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Brent crude rose more than 3% above $107 a barrel as US-Iran tensions heightened supply risks and Treasury yields stayed above 5%. The Australian dollar weakened ahead of an expected Reserve Bank of Australia rate hike Tuesday.
By Chibuike Oguh and Samuel IndykThe dollar was flat against major currencies on Monday, as the continued stand-off between the US and Iran pushed oil prices higher, and as the Treasury market's selloff resumed, boosting yields.US Treasury yields remain above 5% at multi-decade highs, but the dolla…